LAS VEGAS, April 20, 2016 /PRNewswire/ -- Lawyers
representing Elaine Wynn, co-founder
of Wynn Resorts (NASDAQ: WYNN) (the "Company") and one of the
Company's largest shareholders, filed in the Nevada Clark County
Court a heavily-redacted motion to compel further deposition of
Former Nevada Governor and Wynn Resorts Director Robert J. Miller.
Governor Miller served as head of the Nominating and Corporate
Governance Committee of the Board of Wynn Resorts at the time that
Committee chose not to re-nominate long-time director Elaine Wynn to the Board at the Wynn Resorts'
2015 Annual General Meeting. The motion seeks to compel
Governor Miller to respond to questions at his resumed deposition
and to produce documents related to the deposition.
Through this litigation, Elaine
Wynn has asserted that Wynn Resorts lacks effective internal
controls, including a strong and independent Board, creating a
tone at the top that chills any dissent and gives total power to
one man. The complaint alleges, among other things, that the Wynn
Resorts' Board of Directors is effectively controlled by
Stephen Wynn and manipulated by Wynn
Resorts' General Counsel Kimmarie
Sinatra to facilitate Mr. Wynn's bidding.
The resumed deposition of Governor Miller seeks to examine
whether the Board has fulfilled its fiduciary responsibilities to
its shareholders, including by seeking much-needed clarity as to
the process leading to the Board's unprecedented decision not
to renominate Ms. Wynn – the only time in Wynn Resorts' history
that a director has been denied renomination.
In the partially de-designated deposition of Dr. Ray Irani, another Wynn Resorts Nominating
Committee member, he evidenced great difficulty remembering whether
he even attended the General Meeting that unseated Ms.
Wynn. In fact, he did attend, and voted for her removal.
The motion to compel the resumed deposition of Governor Miller
asserts that his legal counsel has consistently missed
deadlines as it relates to important correspondence to move the
case forward, and knowingly provided documents potentially
important to the deposition only after the deposition had taken
place.
Media Contacts
Robert Siegfried/Ross Lovern
Kekst
robert.siegfried@kekst.com / ross.lovern@kekst.com
(212) 521-4800
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SOURCE Elaine Wynn